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2019 Banking and Capital Markets Outlook: Reimagining transformationBrochure / report title goes here| Section title goes here
02
Table of contents
Calmer waters: A decade after the fnancial crisis, the
banking industry is on frmer ground1
Regulation: A new era of global regulatory divergence5
Technology: Creating a symphonic enterprise 8
Risk: Strengthening the core with new-age defenses11
Retail banking: The digital leadership race 13
Corporate banking: Digitization and a new credit discipline 16
Transaction banking: Modernizing operations with a focus18
on improving the client experience
Investment banking: New client engagement models 19
and ecosystem orchestration
Payments: The imperative to diversify growth,22
bolster security, and restructure the organization
Wealth management: Balancing business growth24
with product rationalization and transparency
Market infrastructure: Harnessing the power of data 26
and technologies to drive a competitive growth agenda
2019 Banking and Capital Markets Outlook: Reimagining transformationCalmer waters
A decade after the fnancial crisis, the
banking industry is on frmer ground
The global banking system is not only bigger and more
proftable but also more resilient than at any time in
the last 10 years (fgure 1). According to The Banker’s
Top 1000 World Banks Ranking for 2018, total assets
reached$124 trillion, while return on assets (ROA) stood at
0.9 percent. Similarly, tier 1 capital ratio as a proportion of
assets rose to 6.7 percent, signifcantly higher than in 2008.1
But the recovery since the fnancial crisis has not been
uniform across regions. US banks, compared to their
European counterparts, are ahead on multiple measures.
Aggressive policy interventions and forceful regulations
helped propel US banks to health more quickly. And
more recently, favorable GDP growth, tax cuts, and rising
rates have further bolstered the state of the industry.
Total assets in the United States reached a peak of
$17.5 trillion.2 Capital levels are up as well, with average tier 1
capital ratio standing at 13.14 percent. Return on equity
(ROE) for the industry is at a post-crisis high of 11.83 percent.3
Efciency ratios also are at their best. Similarly, on other
metrics, such as nonperforming loans and number of
failed institutions, the US banking industry is robust.
However, the same cannot be said of the banking industry
in Europe. Structural defciencies, overcapacity, low/negative
interest rates, and the absence of a pan-European banking
regulatory agency have all likely contributed to European
banks experiencing persistent proftability challenges.
Figure 1. Growth of the global banking industry
In the last decade, the top 1,000 world banks have grown
Assets ($T)Return on assets (%)Tier 1 capital/assets (%)
Sources: Danielle Myles, “Top 1000 World Banks 2018,”
The Banker
, July 2, 2018; Danielle Myles,
“Top 1000 World Banks 2017,”
The Banker
, July 3, 2017; Charles Piggott, “Top 1000 World Banks
2009,”
The Banker
, June 24, 2009.
BiggerMore proftableBetter capitalized
$96.4
20082017
$123.7
20082017
.1%
.9%
20082017
4.4%
6.7%